POR
Portugal National Team Fan Token
Mentions (24Hr)
0.00% Today
Reddit Posts
Mi madre y su tío mantienen una relación
MEXC join the list of CEXs to announce their Proof of Reserve
Utopia P2P - Decentralized Utility and Privacy | Listed on CMC and CG
High-yield (132%) APY opportunities in the major stablecoin LP pair at uniswap and Pancakeswap. Liquidity crisis coming to dex'es?
Colin Wu Responds to Binance’s Notification on POR Audit
Bybit shows reserves of $1.9B and working on Merkel Tree
How concerned should I be about coins I have on crypto.com?
There is actually one good thing we got out of this crash: Other centralized Exchanges rushing for proof-of-reserves to gain trust.
REGISTRAROS EN EL LINK PARA AYUDARME ,ES GRATIS . REGISTER AT THE LINK TO HELP ME, IT'S FREE OF CHARGE.
🌐RMOG – Just listed on CoinMarketCap! 🚀 | 💲7% rewards in $CAKE | 🌐Promoting investments in African Mahogany trees | 📱Great vibes in the community | 🔥Amazing marketing plans
Crypto Taxation in Brazil (Good for Saving)
🔥($POR) PorToken Airdrop |🚀First In-game Ads Token on Blockchain | 💰$5000 Airdrop for 1000 people | Fully Doxxed Team🏁
The Central Bank of Cuba decides to regulate Cryptocurrencies, stating: "their handling implicates risks for monetary policy and financial stability thanks to the high volatility that characterizes them"
Is Cuba really "legalizing Crypto" ? Due diligence inside.
Mentions
Well, Bitget listing has been good lately because I do trade shitcoin as you said and I have made some good profits. I won't associate the exchange to FTX because it is among the largest Users protection Fund and most transparent POR in the industry. Anyway trading shitcoin is similar to gambling that is why DYOR is highly important.
You're right that kucoin won't be in danger, they even just release their updated POR for more transparency, and if you're having any issues, Just create a ticket number to solve your problem quickly
I'd watch some footage of Johann Polecsak with qanplatform. Everything I've ever seen sure looks like he is trying to build the next level of what blockchain can do, with greater decentralization (POR consensus). Of course, the community believes if you can achieve a next level chain it will have great value. So there is going to be bias and hopes for wealth. I think they can be complimentary.
My thought immediately was what if Binance doesn’t have the profits to pay their 4 billion dollar penalty. We don’t know much about their POR or liabilities, so do they dip into customer funds? Clearly I still have PTSD. And also, hate the be that guy but the final house cleaning chore would really be more clarity on the house of cards that is USDT but like everyone else I’m happy to kick that can way way down the road.
Indeed a separate wallet can show more transparency during IN or OUT from it. A few CeX are trying to be as transparent as possible and become a reliable exchange. For a few exchanges, it's the trend to showcase but those who are legitimate in their business and properly running it must go through it. One of them is Bitget recently updated its POR with the highest reserve ratio (199%) the thing that looks interesting to me is that they conduct on-chain asset proof every month and claim that it can be verified. Anyone can check their Proof of reserves from here - https://www.bitgetapp.com/proof-of-reserves It was well-explained why to have a reserve fund, what's POR, under which circumstances a POR can be positive or negative, Why a 100% reserve ratio is important, and details about Bitget reserve, they also showcase their Wallet details make them more transparent and helping them to provide some competitive advantage to those haven't any.
Considering, which exchange to use? Don't you think FTX was reliable before the crash? I am beginning to think we need to DYOR more on exchanges than on projects lately. this has prop some questions in my mind like; what is the priority of the exchange (user first?), POR etc. I mean we should look more into exchange this days
Is this really the first of it's kind crypto with Proof of Reserves (POR) principle? Crazy that it took so long for someone to come up with this concept.
You left out the most important one: POR: Proof of Reserve. Soon to be used worldwide by centralbanks.
SVB would have passed "proof of reserves" as well. The issue is not the *value* of reserves. But people are treating it as if it's just a matter of adding up the value and showing it comes out as more. It's about the *liquidity* of reserves, and the capacity to exchange one asset for another in a hurry. SVB didn't fail because it had fewer assets than liabilities on the books. In fact, it had excess capital - at least at book value. It failed because it couldn't convert its assets to cash fast enough to redeem the cash that was being withdrawn. "Proof of Reserves" is only useful for a custodial exchange, and even then, only if customer deposits are effectively segregated and not hypothecated. Since none of the exchanges are doing this, POR is useful as long as you aren't holding dollars. And as long as you are confident you will be able to exit before the doors slam shut and trap you inside during a bankruptcy proceeding.
tldr; US Senators Elizabeth Warren and Ron Wyden have asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable for failed crypto projects. The PCAOB recently stated that proof-of-reserves (POR) are not equivalent to audits and are not conducted in accordance with auditing standards. POR is a method widely adopted by crypto exchanges to confirm the availability of users' funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
These POR reports are worthless without the liability to users report too.
Funnily enough, I don’t feel reassured. Fortunately, I only have to worry about my own POR
But a Proof of Reserves is nothing without the Proof of Liability. They could have $100 billion of POR but if they owe the users $110 billion then they are literally bankrupt.
I moved all my shit off Binance after their POR fuckery, I do not feel confident about their future.
>The letter also notes that Binance hired French auditing firm Mazars to perform a proof-of-reserves (POR) audit on its bitcoin holdings. *However, the auditing firm subsequently “deleted the webpage containing the report” and paused its activity relating to proof-of-reserves audits for crypto firms, the letter adds*. Sounds on the up-and-up
tldr; Archblock, the issuer of the trueusd (TUSD) stablecoin, has announced that it is using Chainlink Proof of Reserve (POR) technology to verify reserves before minting new TUSD stablecoins. TUSD is the first U.S. dollar-backed stablecoin to use POR technology for real-time on-chain verification of TUSD’s offchain reserves. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
*As the industry-standard decentralized oracle network, Chainlink helps ensure that TUSD is always collateralized by offchain fiat reserves, furthering TUSD’s commitment to trust and transparency,” Christensen said in a statement on Wednesday* Looking forward to POR, I think it will be successful and if it is, it's bullish for Chainlink.
Thanks friend for taking the time to explain that so thoroughly. A thing that I don't seem to like about POR is that I hope crypto will eventually take over fiat. I don't see how that's possible with POR.
If anything good came out of all this meltdowns is that ask for more transparency. Until Binance does a proper POR including liabilities we are all still in murky waters.
You're far from straight right now in fact you're basically a potato formed circle. You need a hard reset. Take some time away from the pc then look at who issues busd then look into how POR work.
You can do as many POR as you want, if it’s not fully independent we can’t know if you’re showing us everything or not
They said the public don't understand it and people are being reassured under false pretences. Every cryptocurrency platform is calling them audits and piggy backing on mazars name, while the public don't actually understand what's been carried out and speculative fud is rife, It's a PR nightmare. I don't think it's a BS excuse at all. I actually think from a company view point it's the right call. Here's the issue People are under the impression it's a full audit in reality it's just POR, there's a huge difference. Mazars can't win, if a exchange runs into issues it's mazars name that will be harmed because people are under the impression it's a full audit. People are crying for proof of liabilities which isn't going to happen because it's a POR. From mazars perspective it's a lose lose. To make matters worse these exchanges are making the reports out to be more than they are. You're never going to get solvency or liquidity proof from a POR because a POR is really just a guideline. For example clients aren't the only liability a company has. You can also use loans to cover POR for example I could realise a token give 10% to the public and lock the rest for 2 years. I can then use that locked token as collateral to take out a loan and cover my POR with the loan. POR do offer some insight but are meaningless in crypto, they offer some transparency but that's it. The issue with crypto is you can make money out of thin air.
Onto what? That he understands what is entailed in a POR and how it's different from an actual audit? This shouldn't even be news. He's onto jack shit and just stating the obvious. The only thing you can use POR for is assessing solvency and liquidity, that's the whole point of a POR it's for transparency it doesn't look into arbitrary asset.
tldr; Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, said proof-of-reserves (POR) audits of cryptocurrency exchanges, including Binance and FTX, are meaningless. "In 2005 when I started using a new kind of credit default swap, our auditors were learning on the job. That's not a good thing," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Mazars dropped Binance and also removed the link to their POR'S
The auditors asked them to move the funds for the attestation. It is clearly mentioned in the attestation document > perform “instructed movement of funds”, where management is instructed to move a specific amount from a public key/address on a specific time and obtain the transactional hash to verify the instructed transaction on the respective blockchain; > performed “instructed movement of funds”, where management was instructed to move a specific amount from a public key/address on a specific time. We obtained the transactional hash to verify the instructed transaction on the respective https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf Infact they didnt move 1 billion BTC, but they moved a small amount (0.08 BTC ~ around $1000 at that time), but the way BTC works - the remaining funds (change) gets sent to a different wallet and it looks like they moved billions but it was to the change wallet. I believe since you have sound money BTC flair you do understand how change wallets work in most BTC wallets This is the transaction if anyone wants to have a look: https://whale-alert.io/transaction/bitcoin/a2df8acfab675fed1ad1b97e9dbef8d259510315ffb651c0c1de1bdff4a7730e
Agreed. Chainlink POR is becoming industry standard meanwhile CEX's acting like they can skirt their way around it.
No you don’t. It’s real people, risking their future getting fucked in the end. What I would like to see emerge is an exchange with real POR.
Of course, fan tokens are projects created with the aim of bringing football and cryptocurrencies together so that users can enter the world of crypto football. The current trend in fan tokens such as ARG, POR and SNFT make me believe that this togetherness has been achieved. Many top tier CEXs already listed fan tokens including Binance and MEXC and obviously investing on them have been so profitable for me.
Despite having the biggest market share and probably the most funds to make acquisitions or big marketing investments they were doing business as usual . Ftx and crypto made partnerships to name some arenas for hundreds of millions. They came with the idea about POR, to prove they are solvent . I don't see red flags on them except their huge market share .
Here is Mazars’ report https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf. It is no more an “audit” than a doctor taking out the family garbage is a medical procedure. If you agree the listed procedures are useful, it helps you.
Here's the report: https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf
The link above is CDC's preview of the report, published on the CDC website. Here is the actual Mazars report for CDC: https://veritas.mazars.com/cryptocom/Crypto.com%20POR%20Report%209%20December%202022.pdf From the EXECUTIVE SUMMAR section: > Mazars was engaged by Foris DAX MT Limited (“Crypto.com”) to perform Proof of Reserves (“PoR”) agreed-upon procedures (“AUP”) From the first page of CDC report: > Crypto.com has requested that we perform an AUP engagement on the customers’ cryptocurrency holdings and corresponding liability of funds owed to the customers of Crypto.com as at 00:00:00 Universal Time Coordinate (“UTC”) on 7 December 2022 (“the reporting date”). The management of Crypto.com acknowledges that the AUP are appropriate for the purpose of the engagement and are responsible for the subject matter on which the AUP are performed. > We have conducted the AUP engagement in accordance with the International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements. An AUP engagement involves us performing the procedures that have been agreed with Crypto.com, and reporting the findings, which are the factual results of the AUP performed. We make no representation regarding the appropriateness of the AUP. All of this is the exact as in the Mazars Binance report linked above. Exceprts from the Binance report below: > Binance has requested that we perform an AUP engagement on the customers’ cryptocurrency holdings and corresponding liability of funds owed to the customers of Binance as at 23:59:59 Universal Time Coordinate (“UTC”) on the 22nd of November 2022 (“the reporting date”). The management of Binance acknowledge that the AUP are appropriate for the purpose of the engagement and are responsible for the subject matter on which the AUP are performed. The CDC report also includes these disclaimers: > This AUP engagement is not an assurance (financial audit) engagement. Accordingly, we do not express an opinion or an assurance conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported. Our report does not cover any transactions and/or balance holdings of Crypto.com after the reporting date or address any other assessments beyond the scope of this engagement. These are the same disclaimers in the Binance report too. If you go through the procedure outlined on both the report for Binance as well as CDC, they follow the similar 10 point procedures. Note that the actual Mazars report doesnt mention "audited report" anywhere. Both procedures are the same, and they are not a true financial audit (i.e. assets/liability/profit and loss thats done each year by SEC filing companies) but an "audit" of their onchain proof of reserves.
Crypto dot com uses the same Mazars for their "audit"/attestation, using the exact same procedure as Binance https://crypto.com/company-news/crypto-com-releases-proof-of-reserves > The verification was conducted by Mazars Group, a leading international audit, tax and advisory firm employing more than 44,000 professionals in more than 90 countries. This independent third-party audited report performed under ISRS 4400 as set forth by the International Auditing and Assurance Standards Board (IAASB) used advanced cryptographic procedures to confirm the availability and backing of our customer balances Binance: https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf > We have conducted the AUP engagement in accordance with the International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements. An AUP engagement involves us performing the procedures that have been agreed with Binance, and reporting the findings, which are the factual results of the AUP performed. We make no representation regarding the appropriateness of the AUP. But people in the comments here - Crypto dot com passed audit, Binance didnt Its insane the amount of misinformation floating here. Maybe its designed to be that way lmao
The [proof of reserves](https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf) claims to include customer liabilities for the listed assets. I'm not expecting any of the published proof of reserves to include any other liabilities than the customer liabilities.
tldr; Chinese reporter Colin Wu responded to Binance’s announcement that the company has been consolidating funds from the customers’ wallets for the “next phase of our [their] POR audit”. He said the word “audit” is inaccurate while the exchange conducts POR verification. He added that Mazars is involved in AUP engagement and AUP cannot be considered to be an audit. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR; He said the word audit is not accurate while the company is on POR verification.
Reading the actual [report...](https://veritas.mazars.com/binance/Binance_POR_Report_7_December_2022.pdf) >This AUP engagement is **not an assurance engagement**. Accordingly, **we do not express an opinion or an assurance conclusion**. Had we performed additional procedures, other matters might have come to our attention that would have been reported. We have complied with the relevant ethical requirements. For the purpose of this engagement, **there are no independence requirements** with which we are required to comply. And then to make matters worse the report defines "in-scope assets" to be BTC and **wrapped bitcoins.** That's what the report is using to determine if Binance has assets that are equal to or greater than its liabilities. FTX went under because they created **wrapped bitcoins** using some random shitcoin they minted themselves. Binance is probably doing the same thing as FTX. If they aren't, then why not allow themselves to be audited? Whatever the fuck an AUP engagement is, it's not an audit. I'd get my crypto off of Binance ASAP.
Binance's autid with Mazars do include the liability part https://veritas.mazars.com/binance/Binance\_POR\_Report\_7\_December\_2022.pdf
Portugal and Argentina are the top two candidates at the 2022 World Cup final. Don't miss the opportunity to invest $POR and $ARG. I have chosen both, I believe they will be profitable in a short time. 300$ for $ARG, 700$ for $POR on #MEXCGlobal
I actually was expecting Chiliz to be one of the most performed tokens in this World Cup. Out of many other fan tokens I have in my portfolio on Mexc Global, it was only BFT that did a ramble last night. Maybe POR will do same tonight. Fingers crossed anyway.
It’s basically an I OWE YOU when you buy From an exchange. You are in trusting the exchange has reserves 1:1 matching the depositor to BTC. People are now calling for more proof of reserves from exchanges and some are doing POR however POR doesn’t show customers the liabilities side of the exchange meaning how much money they owe to such and such which is still not good enough but I digress
Always diversify even in fan tokens :) I am holding POR ARG and SNFT on MEXC. Also better never go all in these fan tokens they are just for short fomo.
No proof of liabilities (POR). Just word of assurance from CZ that they owe nobody anything. Pretty sus.
Without knowing the liabilities that Finance may owe...POR is pointless. Look I've got 20$ in my hand....btw I owe 50$ to Larry next Tuesday....how solvent am I
Here’s my issue with the Binance way of POR. It’s a “trust us we are not lying” promise. The wolves are telling you, “no, the chickens are fine.” Needs to be third party, needs to independently verifiable by anyone (holders and non holders), and finally HAS to include liabilities.
Doing this as the biggest crypto exchange is just shameless. They should definitely have enough money and work power to make a simple POR model.
There is literally no way to verify any of those exchanges' total liabilities except in "good faith", they can omit, hide or alter any liability data provided to an auditing party with zero check and balances. The system as it stands, is full of conflict of interest. The only way for full transparency is for an accredited, established and legitimate 3rd party customer account manager or firm to record keep actual customers asset holdings or "exchanges' liabilities" with full transparency. Auditing firms then could weight an accurate liability against VERIFIABLE POR. Otherwise it's just random editable numbers on a screen.
CZ trying to ease everyones mind with POR with all the FUD about. Actually causes FUD for binance. What a legend. If BNB drops what happens to their POR? Do they have to mass sell BNB to cover further dropping the price?
Definitely agree. Can't wait till these POR stuff to start falling as well.
Binance’s POR were disappointing at best. CZ has been firing at others exchanges on Twitter to distract us from his own reserves.
By declaring POR and transfering funds from it the next day
Glad that someone who knows their stuff is calling out the bullshit of the other exchanges. The POR seems idiotic since there is no proof of liabilities
tldr; Binance has published its proof-of-reserves (POR) system using The Merkle approach. Binance’s onchain reserves equate to 582,485 BTC, while customer balances equate to roughly 575,742 BTC. The POR feature is initially starting with Binance's bitcoin holdings, but other networks are being added in the next couple of weeks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
$100 is enough to ride the world cup trend and flip some good bucks on fan tokens. Football and its integration in blockchain is enhancing the experiences of fans by granting them exclusive rights and privileges such as voting, meet and greet opportunities, etc. The ones I am watching out for are SNFT, BFT, POR, and ARG. These and many more can be found on Chiliz and Mexc Global.
Lol ! One can never tell. Most probably when next they win. I am just gonna have fun trading them till the world cup is over. Still holding the BFT, SNFT, and POR I bought from Mexc Global tho. Let's see what Portugal will do tonight too.
once link POR becomes gold standard, CZ is fucked (or he had better have his books in order)
lol liked the pun but cross fingers i wont end up POR
I'd ARG that you'll probably end up POR.
between Arg and SA i was supporting ARG thats why i bought $ARG after its listing in Mexc Global. but my team is BFT and POR. i have been buying POR since its listing in Mexc and in Socios. although i am hoping to see ARG and POR to at the championship i dont want this recent loss define their team in making through the finals
The Qatar 2022 world cup will grant fan tokens some level of exposure. As captured by Kucoin, about 48% of investors will be trading their fan tokens while watching various games. For now I'll say the whole industry is pivoting on speculations, although many fan tokens have some real utility and good tokenomics. The likes of SNFT, POR, BFT, and the recently listed ARG on Mexc Global have performed well in the past 2 weeks. I believe this sector is one to watch out for.
One thing is for sure. All the qualified teams looks very strong. But I will be rooting on my favorite players CR7 and Messi. Never missed to bag their tokens POR and ARG that are now currently traded live on mexc.
This trend will only be for short period. But yeah it can give som good profit during FIFA worldcup depending upon the teams performance I myself holding Argentina's ARG token and Portugal's POR token but only for short term on MEXC. Do u hold any national teams fan token ?
I guess they are, cos investing in SNFT, BFT & POR in the bear seasons helps to cushion the effect.
Seems like most of the cex are just rugs waiting to happen. Not showing POR is sus.
Well if Coinbase is showing less than $10 Billion in BTC on their POR...
Some fan tokens are pumping hard in the last 30 days. ARG (Argentina) and POR (Portugal) were close to 70% the last time I saw them. Even Lazio, an Italian team (Italy is out), was pumping over 80%. I'm not touching these kind of tokens right now. I'm focusing on Web3 (Arweave and Utrust), Defi (Lido, Curve and Dafi) and infrastructure with Polkadot and Polygon.
Greyscale refused to publish POR
So you mean all the exchanges sharing their **POR** are idiots for doing it and risking the security of their funds?
So you mean all the exchanges sharing their **POR** are idiots for doing it and risking their security?
I saw their announcement for their POR. So many people were criticizing them for having 25% of their reserves in Shib…? Why get upset with them holding that much shiba inu? If that is what their customers entrusted them to custody for them, then that’s what they should have. It’s not their fault their customers own that much.
This is exactly why Chainlink POR won't be implemented. Binance isn't ready for full transparency
yes, they were busy trying to find a big movement in crypto dot com's wallets so to warn the people that big movements of assets before or after the POR are suspicious.
with all the FTX shitshow and that rumor about binance sending their reserves used for their POR snapshot, somewhere else (as if, they dont really have reserves). its not that strange coinbase would start implementing measures to slow down a bank run.
Just take loan show POR send back loans CEXs POR are shit show. AND Proof of reserve is nothing when they don't publish liabilities besides POR.
Yep, this should be done continuously Furthemore, POR should include third party auditor to confirm liabilities I believe binance announced that they will do this
POR should be done by third parties and actually include liabilities. Thats the only way.
The whole reason FTX went under was they had a high % of thier reserves in thier own token, which then tanked once binance dumped thier holding and told the world its basically junk. POR needs to show assets and liabilities for each token they hold as having your eggs in one basket is a recipe for insolvency.
I thought FDIC insures banks only. That's by the way. As per having a good base level of knowledge about operational security, I can tell you that millions of people don't even have the least basic knowledge about it. For instance Mexc has over 10M users and out of these 10M users,those who'd be able to operate off Cex would be little compared to those who can't. For the greater good of all, POR should be considered so that trust can be built. One way or another, we'll still have to interact with Cexes and as such, it has to be made safer. Running away from it entirely isn't the best approach to take.
But if kraken has an approved bank charter and uses POR, I see no reason why you shouldn't hold your assets in it. Tho I respect your decision. I just think if all Cexs are like Kraken which some are already in the process of becoming, crypro space would be a safe haven for us all. I don't know what I'd do without exchanges. I don't know, but I feel like holding off cex, one can get hacked.
😂😂😂 you got me laughing with this comment 🤣 guys I think the best thing to do is suggest to whichever exchange you're on, to use Proof of reserve consensus mechanism where we can see that the exchange isn't lending out our investments. I learnt Kraken uses POR and Mexc & Binance have announced that they'll be using POR soon. If mega Cexs like these would incorporate it, then it'll be good for investors since these two exchanges holds a large volume of users.
I totally understand your perspective. I'm almost certain that you trust Kraken because it uses POR yeah? Or what makes you have some level of trust on Kraken?
You need an auditing firm to verify possible or non-existence of offchain debt. A smartcontract will not display that as it has no way of knowing. Even if the amount of gold physically stored in a vault does not change and the smart contract reports: "no change of gold held as collateral" it is not impossible for a company to use that same gold as collateral for an offchain loan. If the company itself does not report this there would be no way of finding out without an external auditing firm. Link uses a combination of things their proof of reserves(I'm pretty sure they were the first ones to coin the term but alas). To reiterate what I wrote above: something like link you mention or a competitor(are there any?)** is needed** for a truthful, useable proof of reserves and not another "proof" provided by an exchange of which the checks/measures to keep it truthful have been implemented by the exchange itself, meaning that there is no added value to a version of POR without a third party implementation as you would just be relying on the exchange to be truthful in their implementation, much like people currently rely on exchanges to not defraud them based on their word and not numerical proof, which has been shown to have failed time and time again.
To clarify: Gate is saying that the POR was taken two days prior. Kris didn't say anything about the date, only that it was accidental. I do agree that it is fishy, even if it is just a mistake, it is a very costly mistake in this climate of mistrust
Ahhh that’s rough. So the ceo is claiming that the data for the POR was taken two days prior? Idk, whole thing smells fishy. Hard to trust an exchange that sends half a billion dollars to a competitor on accident.
This is actually a necessity. Kraken uses POR, Binance is also trying to incorporate the use of POR even MEXC. If they want to build users trust, they should all incorporate the use of POR.
CDC would be one that did affect me (not got a lot on there) but I'm hoping they are getting ahead of it with their POR stuff and changes earlier in the year.
LMAO it is funny, I believe any exchange that had POR before this shit is pretty decent, any exchange "rushing" to add it now may be in hot water. As noted above by OP, the POR only goes so far. If you're just an exchange and your not doing other things, like leveraging etc, and your an honest to god good person and your bread and butter is made by just transaction fees you may be in teh clear. But if you have other exchanges etc, and your leverging customers money, well this is bound to happen. Liabilities exist and are real. CZ didnt buy FTX and people are saying thats wrong, welp hey if i intend on purchasing said company and looked at their books and its cooked to the gills. I would step out of it too. Why in the hell would I infuse my own money or companys money if it is not a good buy. Main thing is POR does work up to a point. We need to see more of POR, like the wallets the coins sit in, who do they belong to etc.
It was the BUSD/USDT it surged too high at $1.0320 an hr after CZ pulished his POR. that was like $800m in volume
Good times are drawing closer, with the massive attention the fan base tokens is garnering and performing well, even with the bear market. No doubt there's going to be a bumper harvest of ROI, most especially with the POR fan base token surging. I will most likely trade the token on MEXC with it Zero Maker Fees for trading spot.
Looks like POR (Proof of Reddit) was the answer the whole time Between Moons and the avatars it’s been a game changer
This is actually the time for HODLing football fan tokens as most of them have gotten to a new ATH recently. And with Qatar 2022 just around the corner, this could be another opportunity to grab more of $ACM, $POR, $CITY and $ARG on MEXC with lots of exciting offers abound on the exchange!!
Even NFL? Amazing! Fans token seems to be the next big thing in the Crypto space and that's amazing to behold because I made some cool profits from flipping $POR recently! A best place to find different fans token is surely MEXC giving into consideration their massive array of different fans token.
Multi- language, POR, Raspberry Pi, Royalty. Are dashes and acronyms cheating? It's reddit, why do I care lol
There is no need for POR if you are the owner of your keys. Stop trusting the establishment. If there is a chance to screw somebody it will happen. Therefore start to live a life as an adult and store your crypto in a cold wallet. After all this is the point of crypto. Censorship resistance, hands of peoples money and true ownership.
Bullish on BugCoin, the first ever POR (Proof of Rationing) coin that will be issued by governments worldwide for the plebs to use to redeem their daily allowance of bug protein
It’s the new consensus mechanism POR proof of redditor!